Business Restructuring: Microsoft will close almost all ...

Restructuring: Microsoft will close almost all …

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Microsoft announced Friday that it will close almost all of its stores worldwide, with most of its sales now being made online.

The giant of Redmond has indicated that it will make a provision of 450 million dollars (426.8 million) to cover in particular the depreciation of assets. This charge will be recorded in the accounts for the current quarter (ended June 30).

The hundred stores closed during the pandemic will not reopen, said the company, which on the other hand intends to create “Microsoft Experience Centers” in London, New York, Sydney and at headquarters in Redmond in Washington State (west). The number of employees affected by this decision was not immediately available.

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